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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (2531)	1/27/2000 3:56:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 8010

Richard, <<cnbc>> No way, why waste the bandwidth, those assholes don't know what they're doing. IMO let's take advantage before the herd does.

To: long-gone who wrote (2531)	1/27/2000 8:45:00 PM
From: TD	Read Replies (2) \| Respond to of 8010

Richard Do not know if you get News and Views from Centennial Precious Metals or not. There was a reprint of Marc Faber article on if Bill Gates Should buy Gold with his Microsoft stock. So if it were taken from a silver perspective in would look like this, BTW without the mentioned article it will probably not make as much sense. Marc Faber, Gloom Boom and Doom Report recently wrote a report titled ?Should Bill Gates Trade Microsoft for Gold?? Since our site is devoted primarily to silver, we could not help but ask the question , what about silver? after all, Mr. Gates knows Mr. Buffett rather well and Mr. Gates did disclose that he has a 5% interest in a Canadian silver mining company. Mr. Faber correctly points out that Mr. Gates controls about 100 Billion worth of Microsoft shares. Using the silver analogy, all the silver mined in the world produce annually about 470 million troy ounces. (CPM silver survey 1999, pg. 13). This is value close to US 2.5 billion. Mr. Gates could use approximately 2.5% of his wealth, put one heck of a dent in the silver market and still keep almost all his Microsoft shares. Is this just a fantasy? Perhaps, however we do recall a certain Mr. Buffett used about two per cent of Berkshire Hathaway assets to buy silver and drove it briefly near $7.00 US. Our point is simple, silver is a tiny market. During this period, one man could essentially corner the market and not really notice it as a major position of his portfolio. Will this happen, probably not, but we still remember when someone was in the ?Hunt? for a superior investment outside the purview of paper wealth. In Mr. Faber?s example it is consider if everyone in the world purchased $11 US worth of gold. Here we would like to make the comparison to silver. Six billion people each buying 2 troy ounces of silver is 12 billion ounces or approximately fifteen times annual demand. td